tx launches USTX stablecoin for tokenised asset trading

• tx has launched USTX, a US dollar-backed stablecoin designed to support its real-world asset marketplace.
• Brale issues USTX and manages its reserves, with each token backed 1:1 by US dollar-denominated assets.
• The launch aims to provide settlement infrastructure for tokenised stocks, exchange-traded funds and other real-world assets.

tx has launched USTX, a US dollar-backed stablecoin designed to support settlement across its real-world asset marketplace.

The token targets transactions involving tokenised stocks, exchange-traded funds and other real-world assets within tx’s ecosystem.

USTX uses a one-to-one backing model, with each token supported by US dollar-denominated assets held as reserves.

The launch aims to provide a dedicated settlement currency for users trading tokenised assets through tx’s marketplace.

Brale issues USTX and manages its reserves, providing the stablecoin’s issuance and reserve administration infrastructure.

At launch, users can mint USTX using USDC (USDC) transferred from Ethereum (ETH), Base, Polygon (POL) and Solana (SOL).

The stablecoin links tx’s digital asset marketplace with dollar-backed settlement infrastructure for blockchain-based representations of traditional financial assets.

USTX enters the market as a settlement asset designed to support transactions across tx’s tokenised real-world asset ecosystem.